Greece to Tax Individual Crypto Capital Gains at 10% From Next Year, Staking Income at 15%

Greece will impose a 10% tax on capital gains from individual virtual-asset, or cryptocurrency, investments starting next year. Income from staking, crypto lending and similar activities will be taxed separately at 15%.

On Nov. 5, Greece’s parliament passed a bill containing the measures. It marks the country’s first comprehensive tax framework for virtual-asset income, with the main provisions taking effect on Jan. 1, 2027.

Individual investors will pay no tax if their annual net profit from virtual assets is 500 euros or less. Once that threshold is exceeded, however, the 10% rate will apply to the entire net profit, not just the amount above 500 euros. Taxable events will include not only sales of virtual assets for fiat currency, but also their use to buy goods and services or to make in-kind contributions to companies. If annual net losses exceed 500 euros, those losses can be carried forward for up to five years and deducted from future capital gains on virtual-asset disposals.

Rewards earned through staking, lending and providing liquidity to decentralized finance, or DeFi, protocols will be classified as interest income and taxed at 15%. If income is received in virtual assets rather than cash, it will be calculated based on the euro-denominated price at the time of the transaction.

The bill also provides a 12-month voluntary disclosure window for previously unreported investment gains and related income. Taxpayers who report the income and pay the tax within 60 days may qualify for a waiver of penalties and interest for late filing, depending on the applicable conditions.